The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
The Energy Regulatory Commission (ERC) has thumbed down the plea of the National Grid Corporation of the Philippines (NGCP) for amendments in the rules for transmission rate-setting. The regulatory body has rendered that decision based on the petition of the transmission firm that was lodged in...
Via its continuing caravan, the Energy Regulatory Commission (ERC) has already started scrutiny of the power supply agreements (PSAs) underwritten by servicing power utilities in the off-grid domains or those that are not physically connected to the main grid. The examination of the power supply...
Razon-led MORE Electric and Power Corporation is expanding the base of its customers that have been availing of refund for their bill deposits, in compliance with the mandate of the Energy Regulatory Commission. In a statement to the media, MORE Power indicated that at least 175 customers already...
Power utility giant Manila Electric Company (Meralco) will be introducing ‘smart tariffs or rates’ that will be tailor-fitted to consumers’ budgets and specific needs – be it for direct electricity services to homes and businesses; or on the charging of electric vehicles (EVs) as part of...
Energy Secretary Raphael P.M. Lotilla is not pleased with the ‘low regulatory ranking’ of the Philippine power industry, pulled down by enforcement of rules and regulations and administrative hurdles that handicapped improvements in the overall performance of the Energy Regulatory Commission...
ILOILO CITY – Power rates in this city have dropped for the seventh straight month. MORE Electric and Power Corp. (MORE Power) announced a decrease of P0.2410 per kilowatt-hour (kWh) for billings this month to P11.4173/kWh from P11.6583 per kWh in June. “This achievement is a testament to the...
Senator Risa Hontiveros on Tuesday, July 11 said the power rate reduction that the Manila Electric Co. (Meralco) announced for the month of July is only minimal and temporary. The senator pointed out the decrease in electricity charges is bound to happen considering that the price of imported coal...
Big power consumers, such as commercial and industrial facilities and distribution companies, can experience lower charges from the National Grid Corporation of the Philippines by efficiently adjusting their energy usage away from the peak demand period in a given day. Technically termed as...
ILOILO CITY – MORE Electric and Power Corp., this city’s sole power distributor, expects electricity rates to drop further this year. “For six straight months, we have dropped our rates. This will continue to drop,” said Niel Parcon, MORE Power vice president for corporate planning and...
Senator Joseph Victor “JV” Ejercito on Thursday, May 25 reiterated his call for Congress to revisit the Electric Power Industry Reform Act (EPIRA), noting that it has failed to bring down the cost of electricity in the country. Ejercito said it is “possible to amend” the law “because...
Partido Federal ng Pilipinas (PFP) standard-bearer Bongbong Marcos has vowed to address the biggest headache of Occidental Mindoro residents--exorbitant electricity rates. (Kai Gradert/ Unsplash) Marcos was able to touch base with local folk during a quick swing to the province Wednesday, April 20....
